News & Updates

Are you ‘hustling’ this Christmas? From hobby to taxable business

Are you ‘hustling’ this Christmas? From hobby to taxable business

Are you ‘hustling’ this Christmas? From hobby to taxable businessJess Brooks
Published on: 10/12/2025

Selling crafts, reselling online, or earning from content creation this Christmas? Your “hustle” may count as a taxable business. Here’s what HMRC looks at, and when you need to report extra income.

Entrepreneur
Spreading tax payments if you can’t pay your tax bill

Spreading tax payments if you can’t pay your tax bill

Spreading tax payments if you can’t pay your tax billJess Brooks
Published on: 04/12/2025

Struggling to pay your tax bill? HMRC offers several ways to spread payments, from Time to Pay arrangements to coding adjustments and Budget Payment Plans. Here’s what taxpayers need to know.

Entrepreneur
CIS deductions – Applying the correct percentage

CIS deductions – Applying the correct percentage

CIS deductions – Applying the correct percentage  Jess Brooks
Published on: 19/11/2025

Understand how CIS deductions work under HMRC’s Construction Industry Scheme. Learn the correct tax rates, how to apply for gross payment status, and key compliance rules contractors and subcontractors must follow.

Entrepreneur
VAT registration waiver

VAT registration waiver

VAT registration waiver  Jess Brooks
Published on: 14/11/2025

Learn when HMRC may waive VAT registration despite exceeding the £90,000 threshold. Understand the difference between VAT exemption and exception, the application process using form VAT5EXC, and recent tribunal insights.

Entrepreneur